n.
  - a fine open fabric of cotton or silk made by looping, twisting, or knitting thread in patterns, used especially as a trimming. 
▸braid used for trimming, especially on military dress uniforms.
 - a cord or leather strip passed through eyelets or hooks to fasten a shoe or garment.
 
v.
    - fasten or be fastened with a lace or laces. 
▸tighten a laced corset around the waist of.
 ▸
[as adj. laced]
 trimmed or fitted with a lace or laces.
 - entwine.
 - add an ingredient, especially alcohol, to (a drink or dish) to enhance its flavour or strength:
 coffee laced with brandy.
 - 
(lace into)
 informal assail or tackle.
 
 
  Etymology
  ME: from OFr. laz, las (n.), lacier (v.), based on L. laqueus ‘noose’; cf. lasso.